Spring Genetics, a recognized leader in the field of tilapia genetics, is pleased to announce the successful completion of a Management Buyout (MBO) of the Spring Genetics business from the Benchmark Group. The MBO team led by Hideyoshi Segovia has established a new company, Advanced Aquaculture Biotechnology to execute the MBO and has secured financial backing from solid partners to support further growth and development.
Spring Genetics, renowned for its expertise in tilapia breeding and genetics, has been at the forefront of advancing sustainable and high-quality tilapia production. The MBO is a significant step in Spring Genetics‘ journey, enabling the management team to continue pursuing innovation and excellence in the aquaculture industry.
The close collaboration between Spring Genetics and Benchmark’s team of world leading geneticists has been instrumental in the development of Spring Genetics’ Tilapia Selective Breeding Program, which aims to enhance genetic traits related to growth, disease resistance, and sustainability in tilapia. Under the new partnership Spring Genetics and Benchmark will continue to work together to further develop and enhance the tilapia breeding program.
Hideyoshi Segovia, CEO of Advanced Aquaculture Biotechnology, commented, “The successful management buyout is a testament to our commitment to pushing the boundaries of what is possible in aquaculture genetics. We are excited to continue working closely with Benchmark Genetics to advance the Tilapia Selective Breeding Program, further benefitting our customers and the industry as a whole.”
“Spring Genetics and Benchmark remain united in their shared mission to introduce high performance tilapia genetics to the whole tilapia industry, contributing to the growth of a sustainable and thriving aquaculture sector.”
Spring Genetics extends its sincere gratitude to its employees, customers, suppliers, and partners for their steadfast support throughout this transition period. Spring Genetics, under its new ownership at Advanced Aquaculture Biotechnology, remains dedicated to providing top-tier products and services, with a renewed focus on driving innovation and sustainable practices.
About Spring Genetics
Spring Genetics is a leading authority in the aquaculture genetics field, specializing in tilapia breeding and genetic improvement. With a history of innovation and a dedication to excellence, Spring Genetics is committed to delivering top-quality tilapia products to meet the growing global demand for sustainable seafood.
Benchmark is a market leading aquaculture biotechnology company. Benchmark’s mission is to drive sustainability in aquaculture by delivering products and solutions in genetics, advanced nutrition and health which improve yield, growth and animal health and welfare.
Through a global footprint in 26 countries and a broad portfolio of products and solutions, Benchmark addresses many of the major aquaculture species – salmon, shrimp, sea bass and sea bream, and tilapia – in all the major aquaculture regions around the world.
Find out more at www.benchmarkplc.com